The company plans to use the investment raised towards content and customer acquisition across different geographies.

"As a forward-looking organisation we are keen on exploring several partnerships that expand our existing portfolio in the entertainment industry. With movies moving towards digitisation it was a logical step to bring into our fold an online streaming platform," Rajsekar Pandian, CEO of 2D Entertainment said in a statement.

This will augment the company's vision of building a movie distribution alternative other than movie theatres thus eliminating piracy in the process.

The company currently focuses on International markets but plans to roll out its service in India shortly. It claims to have 30,000 registered users and 7,500 subscribers across 55 countries including US, UK and Canada.